To bolster AI, Intel acquires computer vision startup Movidius

Intel has announced the intent to acquire Movidius– a startup that designs mobile based vision processor chips and software and development tools—for an undisclosed amount. In a bet to bolster its hold in computer vision and machine learning, Intel is increasingly determined to invest in Artificial Intelligence (AI) business and move beyond the PC-strategy. How will the acquisition help Intel? Combined with Intel’s existing assets, Movidius could potentially aid Intel with low-power, high-performance System on a Chip (SoC) platforms for accelerating computer vision applications. The deal pans out well in line with Intel’s RealSense vision and strategy and will possibly see growth after the integration of VPU (Vision Processing Unit) platform for on-device vision processing by Movidius. Josh Walden, Senior Vice President and General Manager, Technology Group, Intel believes, that RealSense…